What Are the Disadvantages of Investing in an Annuity?
What are the disadvantages of investing in an annuity?
First, let’s examine what we mean by “annuity”. Dividend.com describes annuities as saying a customer purchases an annuity plan using a single big payment or smaller sets of contributions. “The financial institution distributes money back to you for a certain time frame, depending on what kind of annuity you purchase. The money...
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What Are the Benefits of Increasing Your Credit Line?
What are the benefits of increasing your credit line? It might seem to go against some of the current prevailing advice about credit–use less credit, not more and reduce your credit card balances below 50 percent or better.
For many, the idea of increasing your credit line seems counter-intuitive because the idea is to avoid spending more. But increasing your credit line can actually...
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Looking for a Free Personal Finance App? Here Are 4
*Disclosure: One or more of the links below are affiliate links, and I might receive a commission at no cost to you if you sign up.*
Personal finance apps range from couponing to budgeting to investing. You use your phone every day, but how many apps do you have related to money? Time magazine estimates that 60% of cell phone users don’t go longer than an hour without checking their phones. Why...
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How to Invest Like Warren Buffet
When Warren Buffet gives you advice on how to invest, you listen. Also known as the Oracle of Omaha, he is one of the most famous investors of the last century. He started investing at age 11, became a millionaire at age 32 and is worth $87.3 billion at age 88. It’s clear he knows what he’s doing, and he’s shared his advice in interviews, shareholders’ meetings, and random...
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When Inflation Rises It’s Time To LEAP Into This Investment
If you are like me and get nervous at the thought that interest rates are at the lowest point we have ever witnessed, your concern is valid. Well, unfortunately this will continue for the foreseeable future. This is the way the federal government props up the economy. Typically when interest rates are artificially low, stocks go up, debt is easier to service, and people get lost in a true haze...
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